Junjie Guo
Executive Summary:
Business formation in Wisconsin remains stable in 2023, continuing its trend from 2022. Business applications have been hovering around 5,400, and projected business formations have been hovering around 390.
For July 2023, business applications were 5,762, an increase of 3.65% from a month ago. The corresponding growth rates for the Midwest and the U.S. are 0.80% and 0.51%, respectively.